Shura to discuss 2024 draft budget next week

Shura to discuss 2024 draft budget next week

MUSCAT: The Majlis Ash’shura will discuss the state’s general draft budget for the fiscal year 2024 on Sunday.Shaikh Ahmed bin Mohammed al Nadabi, Secretary-General of Majlis Ash’shura, said the council will convene its second and third ordinary meetings of the first annual session (2023-2027) on Sunday and Monday. The second ordinary meeting will be allocated to discussing the minister of finance’s statement on the financial and economic indicators of the state’s general draft budget for the fiscal year 2024.The secretary-general of Majlis Ash’shura stated that it will be a secret meeting in accordance with Article (52) of the Council of Oman Law. He added that the statement will deal with several topics including: estimates of public revenues, public spending, public debt management, development budget estimates, the public debt situation and the state’s financial position. The statement will also discuss the government subsidy policies and the position of the government investments, economic diversification programmes, foreign direct investment, and privatization programmes.Al Nadabi affirmed that the policies adopted by the Sultanate of Oman in the field of economic diversification, reducing public debt,